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Search Results 0 to 14 of about 15 (some duplicates have been removed)
KCSMMHZ
Oct 9, 2012 5:30pm PDT
and little optimism. >> the world economy recovery continues, but it has weakened further. in advanced economies, growth is now too little to make a substantial dent in unemployment. >> reporter: colleagues cut their forecasts for growth worldwide to 3.3% this year. the recovery has suffered new setbacks, they wrote. and uncertainty weighs heavily on the outlook. >> you can call it a general feeling of uncertainty about the future. worries about the ability of european policy makers that control the euro crisis. there are worries about the failure of u.s. policy makers to agree so far on a fiscal plan. >> reporter: he ran through a list of challenges in developed countries. government spending cuts, a weak financial system, high unemployment. emerging economies such as china drove the recovery from the global downturn, but they have cooled off. >> clearly the downside if the global economy were to slow much more than expected, then additional policy measures will be needed. >> reporter: he said he was encouraged by the easy money policies of many banks and pieces to what he called a co
KCSMMHZ
Oct 9, 2012 6:00am PDT
economic recovery continues, but it has weakened further. in advanced economies growth is now too low to make a substantial dent in unemployment. >> reporter: chief economist olivier blanchard outlined factors that are pulling down growth in developing economies, including budget restructuring and a weak banking system. he says is crisis in the eurozone remains the most obvious threat to the global outlook. now, he projected the region's economy will shrink by 0.4%. contrast that with the forecast for emerging markets and developing countries, that coming in at 5.3% growth. but blanchard and his colleagues see the downsides even in that figure. they've revised china's growth down 0.2 percentage points from three months ago, india's down 1.3 points. they forecast an increase of 2.2% in both japan and the united states. and they do predict, as well, stronger growth worldwide next year at 3.6%. blanchard said figuring these things out can make for a complex puzzle. i had the chance to speak with him earlier about what pieces need to fall into place. does seem the recovery is losing a bit
KCSMMHZ
Oct 11, 2012 6:00am PDT
cuts and tax increases will drive down the u.s. economy over what's called the fiscal cliff. central bankers from the u.s. and elsewhere explained how they were using additional monetary easing to curb their common problems. the ministers and governors didn't emerge with any official statements or even give signs of further coordinated action. they said something they've said before -- they'll keep working on it. reiko sakurai, nhk world, tokyo. >>> the head of the imf is asking those around her to draw on the spirit of their hosts. l christine lagarde says she's impressed by the resilience japanese showed as they worked to recover from last year's disaster. she's calling on leaders to share that sense of cooperation. >> we expect action, and we expect courageous and cooperative action on the part of our members. >> lagarde says she and her colleagues unwhat needs to be done. she's urging banking supervisors to complete the job of rewriting the rules of finance. government leaders need to tackle what she calls a legacy of high debt. lagarde says they should focus on getting people, p
KCSMMHZ
Oct 12, 2012 6:00am PDT
. the economy is one of the strongest in europe. still, the french, too, feel weighed down under the debt. structure or reform is the way to strengthen europe's union, but world economic leaders are strongly urging the implementation. can europe move into action? >> we are two very positive moves during last month. first with the ecb, second with growth. third with tax on financial transactions, which is going to happen between france, spain, italy, and other countries in europe. we are i believe truly taking into account political necessity to confront this crisis. of course it's too slow. we need to implement reforms. we're working on it. >> reporter: moscovici says the french, all europeans, in fact, should follow through with measures to reduce their debts. he said spending cuts are prerequisites for growth in the long run. >> this is why structural reforms are so necessary. and this is why if we need to deal seriously with that, i don't believe austerity is something good for the people. you cannot have growth in the midterm or long term if you've got austerity forever. we need to ge
KCSMMHZ
Oct 10, 2012 6:00am PDT
out of peripheral economies in europe back to the core ones. that's been pushing up borrowing costs for governments and banks in countries such as spain and italy. vinals said neighbor nations need to do their part toward stability. policymakers need to build stronger firewalls and establish a banking union and a single supervisor. he said weak banks need to restructure their financing. now, vinals said what's happened in europe should serve as an example for financial leaders in the united states as well as here in japan. he said waiting until the strains become clearer just leads to harsher outcomes. vinals says japan's high level of debt presents a stability risk and said the government leaders need to deal with budget problems. they pointed to commercial bank holdings of government bonds as yet another risk. they project in five years bonds could make up a third of those banks' total assets and they warned those institutions would suffer heavy losses if interest rates rose. now, vinals said japanese leaders need to be more vigilant about their risks. i had a chance to speak with
KCSMMHZ
Oct 8, 2012 5:30pm PDT
. but still poses a threat to the global economy. >>> analysts a at the world bank have cut their forecasts for growth in east asia. they say china's slowing economy will have a weakening effect across the region. the bank's latest report projects 7.2% growth this year across 14 countries. that's 0.4 percentage points lower than the forecast in may. the region includes china but not japan. the report says china's domestic demand is sluggish and says europe's credit crisis has hurt exports throughout the region. world bank analysts say growth in east asia will rise to 7.6% next year. they say china will pick up steam and demand will grow in southeast asia. they're also being cautious. they know continuing risks to east asian economies. >>> members of the nobel committee have honored two men who they say revolutionized our way of understanding how cells and organisms work. shinya yamanaka proved cells can be changed into immature stem cells which can then be used to form all the tissues of the body. >> the nobel society has today decided to award the nobel prize in physiology or medicine 2012
KCSMMHZ
Oct 9, 2012 2:30pm PDT
greeks seem to be ungrateful to boot.% >> thanks very much for that. -- and grateful to -- the economy is shrinking at a rapid rate of 6.5%, so how are company's managing to keep their head above water at all? here is one example. and he urgently needs new foreign customers. domestic sales have collapsed by 80%, but the engineer is finding it harder than anticipated to do business abroad. right now, he is trying for a foothold in india. >> even the farthest indiana backwater we try to sell to has heard of the crisis. people get the information from the internet and local media. they hear about the crisis and naturally, they have reservations. >> hydraulic presses to form metal are just one of the products this firm turns out. he is sure his company will survive, and he is determined to become a poster child for the eu and imf's insistence on exporting, but he does not think many other creek companies will manage that. >> it is simply very difficult for a company to establish itself abroad on short notice. you have to set up offices there as well as a lot of other things. a lot of compa
KCSMMHZ
Oct 8, 2012 2:30pm PDT
but the question remains how and when the economy will start to get in gear again especially in countries like spain, italy, and france. it is why the introduction really did not inspire on the stock trading floors this monday. >> we will have more on the implications later in the show with reports on portugal and greece. for now, a closer look at the market numbers. the dax 1.5% down. stoxx 50 closing at 2496. the dow is down just a tad. the euro is trading to $1.2966. consolations between china and the u.s. have seen better days. the u.s. has released a report saying that americans have -- should not do business with communications companies. >> the report follows an 11- month investigation into two companies. >> legislators in washington fear foreign telecom companies could pose a threat to u.s. national securit. it says firms could use their business in the u.s. to install software to is by an ounce -- spy on u.s. infrastructure. they named two companies and they believe they should be wary of huawei and zte. the two companies deny the allegations and have the support of the chinese govern
KCSMMHZ
Oct 11, 2012 2:30pm PDT
economy. spain's credit rating has slumped to bbb-, one notch above junk status. the outlook remains negative. stated and poor's cited the lingering recession and high unemployment -- standard and poor's cited the lingering recession and high unemployment. >> we are adhering to our timetable and meeting our deficit targets. we will not change our policies or our targets. >> spain rejects imf's suggestions that it needs more time to stabilize its economy. some analysts say the delay in asking for aid is worrying markets. member the pressure to ask for a bailout is making the country suffered. nobody wants that. not germany, nor spain. that alone could put us closer to a bailout. >> the spanish government says it will consider applying for aid once it has explored all options and conditions. >> despite the bad economic news in europe, germany's traders were in an optimistic mood. we have this report from the frankfurt stock exchange. >> germany is getting prepared for economic weakness. in other places of the world, signs of recovery are coming up. better than expected economic data fr
KCSMMHZ
Oct 12, 2012 2:30pm PDT
the european economy for seven or eight years. the year also helped to tackle the financial crisis. >> is instability in the political system weakening the currency. what we need is a political union to overcome this and stability. >> shultz believes the future is in more europe rather than less, a stronger european and union and the commission will become a government in its own right with the european president and minister. >> can i guarantee my children the same quality of life i have today? i vision is yes. that's what i want. it will not happen if we split into separate entities. >> it is the members of big nations and the umpires that count. china, u.s., brazil, india, japan. >> this union needs the euro. if the single currency collapses it could have unforeseen problems they want to avoid. the eu is unlikely to abandon the euro anytime soon. >> europe has come a very long way in the last six years. >> the nobel committee said they wanted to focus not on the currency conundrum but on the six decades of peace and prosperity that europe has achieved. >> a united europe banned
KCSMMHZ
Oct 9, 2012 9:30am PDT
time politically and economically. lithuania had to make the leap to a market economy and develop new sources of income. the koreans that, for instance, was great for tourism, but a legal fight today shows lithuanians still has a long way to go in its attempt to shake off the coast from its post- soviet past. >> a summer paradise could soon become a nightmare. she practices piano as her parents said in a garden. 10 years ago, the family made her lifelong wish come true. they built a summer home on the crony and spit. now, the wood frame house is to be torn down. authorities say it was built illegally. >> we had all the permits when we bought the house. signatures from every relevant authority -- the notaries and the bank checked it all. we had to get a mortgage using our assets as collateral. five years ago, we suddenly received news that there was a court case against us. >> other homeowners are suffering a similar fate. the homes are nearly all new, and all had building permits, which is not always the case in lithuania. apparently, the authorities allowed construction on land that
KCSMMHZ
Oct 10, 2012 5:30pm PDT
of an impact will this be having on the global economy? >> this is the continuous concern for us because food prices hit the poor directly and immediately. that is why we have already in the past three years put the food price as the highest priority to address. the policy for many countries in order for them to protect the poor is to build the social safety net. that is the first immediate response that needs to actually become the highest priority. the medium and long term is more how to invest more on increasing productivity and that has become a very tough issue because a lot of developing countries has not become organized. it will change the land for agriculture so irrigation, producttivity in seed and productivities is also needed. >> another thing we are seeing is high unemployment among the younger generation around the world. how concerned are you about this trend? >> we are very concerned. in fact the report this year is actually about job. in the next decade we need to create 600 million new jobs especially for a country with a younger demographic composition. like us here, subsah
KCSMMHZ
Oct 12, 2012 5:30pm PDT
of the eu and other organizations to push back a deadline by two years. he said the greek economy is likely to shrink next year for the sixth year in a row. he says more austerity would throw the economy off balance. greece's unemployment up 25% in july. he said governments will privatize state-run firms to revive economy and create jobs. >>> the u.n. and arab league peace push is back in the middle east. to try to find a revolution with the syrian war. he began by meeting king abdullah. he is believed to have asked the king not to intervene excessively. supporters and opponents of syrian president bashar al assad are fighting in cities of aleppo and homs. landed in a town in turkey and killed five people. turkey's troops have retaliated by firing into syria. to continue his tour in turkey and egypt. he hopes to go to syria next week and meet president assad. >>> now here's the three day world weather forecast. >>> that concludes this edition of "newsline." i'm keiko kitagawa in tokyo. thank you for joining us. .
KCSMMHZ
Oct 5, 2012 5:30pm PDT
the president is re-elected or not. i don't think this radically changes people's views of where the economy is. so i think the -- this will not be the decisive factor in the election. >>> japan's imperial family may be in for big changes. have to give up their titles when they marry commoners. government leaders are worried that the family could eventually become too small. so they're studying the pros and cons of letting imperial daughters keep their status when they tie the knot. government leaders asked experts to propose ways to stop the imperial family from slihrinkin. for those to start their own branches of the family. they say they need to consider whether they would consider on the husbands and children. some others offer another approach. the suggest making imperial daughters leave the family but carry on performing official duties. more than 1/3 of the imperial family members are young, single women. the emperor's only grandson was the first male child in 41 years. the emperor is gravley concerned about the prospect of a shrinking family. government leaders plan to find out what ord
Search Results 0 to 14 of about 15 (some duplicates have been removed)